Hilton Hotels owns, manages and/or franchises hotels and casino-hotels
            
 and inns across the world.  It also sells furnishings, equipment and
            
 supplies to hotels, motels, and inns and operates a computerized
            
 reservation system.  Recently, Hilton's hotel business is prospering with
            
 above-industry occupancy rates and an improved average daily rate.
            
 However, previously prosperous gaming operations are suffering from an
            
       Hilton has adopted a single-brand, multi-product line development and
            
 marketing strategy that targets all types of travelers.  It customizes its
            
 hotel services by purpose of visit and origin of guest.  It has already
            
 invested heavily in the concept of packaging gaming with theme
            
 entertainment and expects to make additional substantial investments over
            
       Both hotel and gaming operations are extremely competitive.  But, the
            
 gaming industry presents more risks than do hotels for several reasons.
            
 First, the degree of investment required to be successful is high to keep
            
 up with the pace of competitors.  And, much of this investment is in the
            
 packaging of gaming with theme entertainment which isn't always successful
            
 because each serves different consumer needs and requires different
            
 management strategies.  Secondly, casinos must often extend credit to their
            
 customers to lure them away from other casinos.  Thus, bad gaming debts and
            
 reductions in operating income from gaming are not uncommon.
            
 |Strength        |Weaknesses      |Opportunities   |Threats         |
            
 |Large Global    |Poor Branding   |Budget, Middle  |Leadership By   |
            
 |Corporation     |and Identity    |or Premium      |Competitors in  |
            
 |                |                |Market Growth   |Individual      |
            
 |Focus on Core   |Investments in  |                |Market Segments |
            
 |Competency      |Stagnant Gaming |                |                |
            
 |                |Industry        |                |           ...